THE LIBRARY FOUNDATION OF NEEDHAM INC (EIN 043783995) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

STEPHEN SHUSTERMAN

Phone

7814557559

Tax Period

2023-07-01 to 2024-06-30

THE LIBRARY FOUNDATION OF NEEDHAM INC, founded in 2004, is a small nonprofit in the Education sector that reported $108K in total revenue in fiscal year 2023. The organization ran a surplus of $61K, a strong 56% operating margin.

Mission

TO MAKE RESOURCES AVAILABLE TO THE NEEDHAM PUBLIC LIBRARY BEYOND THE TOWN-FUNDED BUDGET FOR TECHNOLOGY, EQUIPMENT, LIBRARY MATERIALS, AND SERVICES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $18,639

Program Service Revenue $0

Investment Income $89,576

Other Revenue $0

TOTAL REVENUE $108,215

Expense Breakdown

Grants Paid $24,995

Salaries & Benefits $0

Fundraising Expenses $3,116

Program Expenses $24,995

Other Expenses $22,356

TOTAL EXPENSES $47,351

Year-over-Year Comparison

	2023	2022	Change
Revenue	$108,215	$111,644	0.0%
Expenses	$47,351	$88,508	-0.5%
Net Income	$60,864	$23,136	+1.6%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY D'ADDESIO	PRESIDENT	0.50	Officer	$0	$0	$0
JAMES REULBACH	VICE PRESIDENT	1.00	Officer	$0	$0	$0
STEPHEN SHUSTERMAN	TREASURER	3.00	Officer	$0	$0	$0
KATHY WHITNEY	CLERK	0.50	Officer	$0	$0	$0
JONATHAN B HRUSKA	DIRECTOR	0.50	Director	$0	$0	$0
LESLIE RENZULLI	DIRECTOR	0.50	Director	$0	$0	$0
LOUISE MILLER	DIRECTOR	0.50	Director	$0	$0	$0
MIKE O'LEARY	DIRECTOR	0.50	Director	$0	$0	$0
DEBRA STEELE	DIRECTOR	0.50	Director	$0	$0	$0
JOAN SMITH	DIRECTOR	0.50	Director	$0	$0	$0
SUE YOUNG	DIRECTOR	0.50	Director	$0	$0	$0
JAY FIALKOV	LIAISON, LIBRARY BOARD OF TRUSTEES	0.50	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$108,215	$47,351	$1,985,238	$60,864
2023	$111,644	$88,508	$1,784,968	$23,136
2022	$122,056	$32,780	$1,652,876	$89,276
2021	$89,124	$39,736	$1,827,456	$49,388
2020	$75,471	$59,569	$1,486,525	$15,902
2019	$80,596	$54,896	$1,508,875	$25,700

THE LIBRARY FOUNDATION OF NEEDHAM INC